Saturday market data comparison/interpretation:
1. After last night's positive employment data, the market value increased, but the overall increase was weak.#ETHunexpectedly strengthened a little, and#BTCmaintained its share unchanged.
Saturday market data comparison/interpretation:
1. After last night's favorable employment data, the market value increased, but the overall increase was weak.#ETHunexpectedly strengthened a little, while#BTCmaintained its share unchanged.
2. The overall market became sluggish over the weekend, with a noticeable decline in trading volume and weakening liquidity and enthusiasm. Compared with last Saturday's data, the market was even less enthusiastic this Saturday, which may be related to the holiday, or it may be that the market has failed to break through many times, resulting in reduced attention.
3. The market value of on-site stablecoins increased by 100 million, with a total value of 173.6 billion, which is also the highest data this week.
4#USDTofficial website data is 119.641 billion, which is not different from yesterday. The capital inflow into the Asian and European markets has been suspended overall this week. I don’t know if it is due to the holiday.
And I noticed that the market value of USDT shown on the data website this week has been increasing. I suspect that funds are being withdrawn from the transaction and are temporarily retained in the market.
I am also worried that BTC’s short-term breakthrough will be fruitless, causing a short-term outflow of funds from Asia and Europe next week.
5.#USDCofficial website data update: As of Thursday, October 3, 2.2 billion USDC was issued in the US, 2.9 billion was destroyed, and 700 million funds were lost.
The data website shows that compared with yesterday's data, the USDC market value increased by 704 million in a single day.
This is a bit confusing. That is to say, a large amount of funds flowed out of the US market in the first half of this week, while there may be a large inflow of funds between Friday and Saturday.
At present, the inflow of funds can only be a personal subjective opinion. The official website data will not be available until next Saturday. I personally think that the specific reason for the inflow of funds is that the market value has increased by 700 million, but the trading volume has decreased by 44%. If the market funds are withdrawn, then a large trading volume will inevitably be generated. The current trading volume has decreased, so it is temporarily believed that funds from the US region have re-flowed.
Summarize:
Comparing today's data, the market is even less hot than last Saturday, and the funds are operating in a mysterious way. After reading this set of data, I am more worried about the possibility of capital outflow from Asia and Europe next week. Although funds in the US have flowed back significantly in the short term, the liquidity of funds in the US is too high and may flow out at any time.
Apart from CPI, there seems to be no strong macro narrative next week, so it may not be very optimistic.
#9月小非农数据高于预期 #美联储11月降息预期升温